Strategic Management of Business Performance Based on Innovations and Information Support in Specific Conditions of Slovakia

Rajnoha Rastislav, Lorincová Silvia

Keywords:strategic management, business performance, innovation

Abstract:
Business performance management and measurement is a relatively complex and difficult process,
which is currently undergoing significant changes in terms of both theory and practice. Previously
used indicators, methods and models, largely based on financial indicators and methods
of financial management, have been gradually modified and improved to provide owners and
managers with a sufficient true and fair view of business performance. Despite the efforts for
continuous improvement, it appears that the traditional management of enterprise performance
based primarily on financial management hits its limits and companies around the world are
beginning to promote new non-traditional indicators, methods and models, based primarily on
non-financial, strategic and often qualitative indicators. We recommend that enterprises apply
the selected methods and models of strategic business performance management in different
industries of the Slovak Republic. By applying the selected strategic methods and models such
as BSC, BI, strategic planning and controlling, innovations and others, a higher performance of
companies can be achieved.
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Rajnoha R., Lorincová S.(2015). Strategic Management of Business Performance Based on Innovations and Information Support in Specific Conditions of Slovakia. Journal of Competitiveness, 7 (1), 3-21 https://doi.org/10.7441/joc.2015.01.01